Wilsey Asset Management Inc. Buys New Shares in Conagra Brands $CAG

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Wilsey Asset Management Inc. acquired 2,202,652 shares of Conagra Brands (NYSE:CAG) in Q4, valued at approximately $38.1 million. This new position makes Conagra Brands the sixth-largest holding in Wilsey’s portfolio, representing about 5.9% of their investments and 0.46% of the company. Despite Wilsey’s investment, Conagra recently reported a slight EPS beat but a 6.8% year-over-year revenue decline and analysts hold a “Reduce” consensus rating with an average price target of $18.57.

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